Battulga is 44 years old and lives with his wife and two kids in a ger (Mongolian tent) in Bayanhongor province, Mongolia. His wife sells shoes.
Their elder daughter is a college student and a younger child is also a student.
He started his taxi service business in 2002 by using his own car. Taxi income is pretty much the same everyday, and it is not enough to pay the college fees. Therefore, he and his wife decided to open a second hand clothes shop, based on his wife's experience. They have already found the place to rent and bought a small amount of supplies.
He is requesting 500,000 MNT to buy used shoes for his wife's business.
This loan is being administered through XacBank, a Mongolian for-profit microfinance institution. XacBank is located in every province of Mongolia, reaching some of the most rural micro business clients. With this Kiva loan, there is an opportunity for the entrepreneur to get a savings account including 9% of the interest if they pay back the loan on time. This is a special savings account that XacBank has specifically prepared for the Kiva loan borrowers to promote savings habits.